Minneapolis, MN 55408 3115 Grand Avenue S
$1,690,000
33 more
Presented By: eXp Realty
SQFT • 6,474
Home Details
Apartment with new roof & updated units blocks from Lake and Lyndale in Uptown. Appraised within the last three years for $2.4 million. Management in place willing to stay on during a 6 month transition period. 5 - 2 BR units and 7 - 1 BR units. Some furnished units. Seller has made significant improvements and investments to the property in the last several years. Near the lakes, the heart of Uptown, US Bank Stadium and the Convention Center, many shops & restaurants. Open layouts, updated kitchens and baths & new roof. Don’t miss this rare chance for an equity building investment with value add opportunity.
Presented By: eXp Realty
Interior Features for 3115 Grand Avenue S
Other Interior Features
BasementFull
Basement (Y/N)Yes
FuelNatural Gas
General for 3115 Grand Avenue S
AccessibilityNone
Additional Parcels Y/NNo
Amenities UnitHardwood Floors, Kitchen Window, Natural Woodwork, Tile Floors
AppliancesDryer, Range, Refrigerator, Stainless Steel Appliances, Washer
CityMinneapolis
Construction MaterialsBrick/Stone
ContingencyNone
CoolingWall Unit(s), Window Unit(s)
CountyHennepin
Current UseResidential
Directions35W to Stinson Blvd, North on Stinson to Lowry, West on Lowry to property.
Electric Expense1000
Fuel Expense6000
Garage Spaces
Gross Income68400
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense6736
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
MaintenanceExpense2000
Net Operating Income12842
NumberOfUnitsTotal12
OwnerPaysElectricity, Fuel, Gas, Insurance, Sewer, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeApartment
Property TypeCommercial Sale
RoofAge 8 Years or Less, Flat, Rubber
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMotor Line Add
Tax Annual Amount45498
Tax Year2024
Trash Expense3500
UtilitiesElectric Separate, Hot Water Separate
Water Sewer Expense3000
Year Built1969
Zoning DescriptionResidential-Multi-Family
Exterior for 3115 Grand Avenue S
Building Area Total6474
Foundation Area952
InclusionsBuilding
Lot Dimensions124x90
Lot Size Area0.26
Parking FeaturesPaved
Water SourceCity Water/Connected
Additional Details
Price History
Niki Fairbanks
Realtor® MN and WI